The Case of the Botched $276,000 IRA Transfer

    | January 15, 2020


    It can be a quick online process: The custodian bank or wirehouse transfers the IRA assets into an inherited IRA that the beneficiary can hold onto for life—or cash out.

    What happens to an Individual Retirement Account when the IRA owner dies?

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    PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Investment decisions should always be made based on the client's specific financial needs, goals and objectives, time horizon and risk tolerance. Current and future portfolio holdings are subject to risk. Risks may include interest-rate risk, market risk, inflation risk, deflation risk, currency risk, reinvestment risk, business risk, liquidity risk, financial risk, and cybersecurity risk. These risks are more fully described in Telemus Capital's Firm Brochure (Part 2A of Form ADV), which is available upon request. Telemus Capital does not guarantee the results of any investments. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, and may lose value.

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